Benin, May 15 -- The shareholders of the European Bank for Reconstruction and Development (EBRD) have granted recipient country status to Benin, Cote d'Ivoire and Nigeria. This will come into effect once the required amendment to the Bank's founding treaty comes into force in July 2025. The Bank will launch its investments in the three countries shortly thereafter.The EBRD will bring its distinct private-sector focused, locally based business model to unlock access to finance, promote local businesses and foster sustainable and long-term growth - contributing to the transformation of these three economies.Ghana, Kenya and Senegal are undergoing the membership process and, once finalised, will begin proceedings to become countries of operati...